When I set out to build RightRev, I envisioned a hyper-scale solution that makes the lives of Controllers and Revenue Accountants frictionless. I wanted to build a solution that’s easy to implement and automates the most complex revenue recognition use cases. However, we didn’t stop there. By harnessing the power of artificial intelligence and machine learning, we empower our customers to gain invaluable data-driven insights for informed business decision-making. With RightRev, our customers can close their books faster while simultaneously experiencing a comprehensive revenue management solution that redefines industry standards.
As a former accountant, I understand the headaches associated with manual revenue accounting and point solutions designed as a one size fits all approach. But that’s not how modern businesses operate. Every company has unique requirements, which are constantly changing. I dreamed of a solution architecture flexible enough to accommodate the needs of unique business challenges out of the box. As of today, we are well on our way to achieving this dream.
I am excited to announce that our success thus far has led us to receive funding from prominent venture capitalists who believe in the power of automation to drive business efficiency and our ability to change how accountants accomplish revenue recognition. To date, we have raised $17.6 million co-led by Norwest Venture Partners and Salesforce Ventures, with participation from Correlation Ventures and IDEA Fund Partners. The unwavering support from this group of investors during a turbulent economy and amid bank failures is unparalleled. Thank you to all who were involved. The ingestion of capital will propel our growth and allow us to scale and continue to meet the needs of our current and future customers.
At RightRev, we know that the revenue recognition space is crowded with options. However, our team has taken the lessons learned from previous endeavors and is committed to creating the most advanced revenue recognition solution available. Our early customers have proven that we have truly built a solution capable of handling volume at scale for even the most complex revenue recognition use cases.
We’re just getting started
In just under three years, we’ve gone from concept and design to a complete enterprise-grade solution and go-to-market motion adopted by an impressive list of customers. We’re incredibly grateful to everyone who’s helped us along the way. We have many more exciting features and integrations planned to take RightRev to the next level.
To everyone on the journey with us–our amazingly talented team, our investors, our board of advisors, and most importantly, our customers– thank you! This has been a rewarding ride so far, and we can’t wait to see what the future holds.
The full press release can be found here: https://www.businesswire.com/news/home/20230711530584/en/
Jagan Reddy,
CEO
RightRev
